Tenable (NASDAQ:TENB) Stock Price Down 6.2% – Here’s What Happened

Tenable Holdings, Inc. (NASDAQ:TENB)’s share price was down 6.2% during trading on Tuesday . The company traded as low as $34.67 and last traded at $35.4070. Approximately 493,482 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 3,207,460 shares. The stock had previously closed at $37.76.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Robert W. Baird set a $34.00 target price on Tenable in a research note on Thursday, April 30th. DA Davidson lifted their price target on Tenable from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. William Blair lowered Tenable from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. TD Cowen increased their price objective on Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, Needham & Company LLC increased their price objective on Tenable from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Tenable currently has a consensus rating of “Hold” and an average price target of $32.63.

Tenable Price Performance

The stock’s 50-day moving average price is $30.43 and its 200 day moving average price is $24.05. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of -349.76 and a beta of 0.93. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, April 29th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The business had revenue of $262.06 million for the quarter, compared to the consensus estimate of $258.83 million. During the same period last year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS. Equities research analysts predict that Tenable Holdings, Inc. will post 0.49 earnings per share for the current year.

Institutional Trading of Tenable

Several institutional investors have recently modified their holdings of TENB. GAMMA Investing LLC lifted its position in shares of Tenable by 36.2% in the second quarter. GAMMA Investing LLC now owns 2,524 shares of the company’s stock worth $93,000 after purchasing an additional 671 shares in the last quarter. Fulton Bank N.A. grew its position in Tenable by 7.0% in the first quarter. Fulton Bank N.A. now owns 11,645 shares of the company’s stock valued at $197,000 after purchasing an additional 758 shares in the last quarter. Quarry LP bought a new position in Tenable in the third quarter valued at $25,000. Perigon Wealth Management LLC grew its position in Tenable by 5.1% in the fourth quarter. Perigon Wealth Management LLC now owns 17,843 shares of the company’s stock valued at $420,000 after purchasing an additional 872 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Tenable by 312.9% in the 4th quarter. Signaturefd LLC now owns 1,251 shares of the company’s stock valued at $29,000 after buying an additional 948 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Tenable Company Profile

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.